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Reichhold Announces Price Increase on Unsaturated Polyester Resins and Vinyl Ester Resins Sold in North America

"Key raw material prices continue to escalate beyond our ability to absorb these additional costs and a price increase is necessary" , said Al Naser, Reichhold commercial vice president, Composites North America. "Critical feedstock prices have risen driven by the price of crude oil; feedstock demand has increased in China; and supply restrictions due to operating difficulties in several regions of the world have all contributed to apply upward pressure on the prices of many of our key raw materials" , Naser continued. "Furthermore, the continued spread between natural gas and crude oil prices has caused the yields of critical feedstocks to be significantly reduced at many North American refineries" , Naser added.

"We appreciate the understanding of our customers as we work to minimize the impact of rising costs upon product pricing," Naser added. "At the same time we are making the investments necessary to continue the supply of innovative and high quality products and services which add value for our customers and increase their competitiveness in the markets they serve," he concluded.

For more information on Reichhold's technologies for the composites industry, visit www.reichhold.com or email composites@reichhold.com.

About Reichhold

Founded in 1927, Reichhold, with its world headquarters and technology center in Research Triangle Park, North Carolina, USA, is the worlds largest manufacturer of unsaturated polyester resins and a leading supplier of coating resins for the industrial, transportation, building and construction, marine, consumer and graphic arts markets. Reichhold has manufacturing operations throughout North America, Latin America, the Middle East Europe and Asia.

Reichhold
Joan Grace, 919-990-7876, joan.grace@reichhold.com or
Reichhold Corporate Communications
919-990-7876, corporate.communications@reichhold.com